Stillwater Capital Advisors LLC Sells 18,202 Shares of Visa Inc (NYSE:V)

Stillwater Capital Advisors LLC cut its holdings in Visa Inc (NYSE:V) by 13.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,369 shares of the credit-card processor’s stock after selling 18,202 shares during the quarter. Visa comprises approximately 4.9% of Stillwater Capital Advisors LLC’s portfolio, making the stock its 3rd largest holding. Stillwater Capital Advisors LLC’s holdings in Visa were worth $19,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Visa by 1.1% during the second quarter. Vanguard Group Inc. now owns 146,976,797 shares of the credit-card processor’s stock worth $25,507,824,000 after acquiring an additional 1,615,505 shares during the period. BlackRock Inc. boosted its holdings in Visa by 2.3% during the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after buying an additional 2,773,330 shares in the last quarter. FMR LLC boosted its holdings in Visa by 1.9% during the first quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock worth $14,409,440,000 after buying an additional 1,731,813 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Visa by 0.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 78,658,915 shares of the credit-card processor’s stock worth $13,651,254,000 after buying an additional 379,577 shares in the last quarter. Finally, Lunia Capital LP boosted its holdings in Visa by 13,370.7% during the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after buying an additional 23,280,332 shares in the last quarter. Institutional investors own 80.99% of the company’s stock.

Shares of NYSE V traded up $3.40 on Friday, hitting $178.28. The company’s stock had a trading volume of 4,303,805 shares, compared to its average volume of 8,476,525. Visa Inc has a 12-month low of $121.60 and a 12-month high of $187.05. The company has a market capitalization of $353.87 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a 50 day moving average of $177.10 and a 200-day moving average of $170.53.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. Sell-side analysts expect that Visa Inc will post 5.41 EPS for the current fiscal year.

A number of analysts recently commented on V shares. Piper Jaffray Companies set a $207.00 price objective on shares of Visa and gave the stock a “buy” rating in a report on Wednesday, July 24th. Bank of America boosted their price objective on shares of Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Jefferies Financial Group boosted their price objective on shares of Visa from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. KeyCorp boosted their price objective on shares of Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird set a $196.00 price objective on shares of Visa and gave the stock a “buy” rating in a report on Friday, July 19th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Visa presently has an average rating of “Buy” and an average price target of $196.57.

In other news, Director Denise M. Morrison acquired 1,000 shares of Visa stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $171.13 per share, with a total value of $171,130.00. Following the completion of the purchase, the director now owns 3,223 shares of the company’s stock, valued at approximately $551,551.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lloyd Carney sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the transaction, the director now directly owns 3,452 shares in the company, valued at approximately $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Further Reading: How Do Investors Open a Backdoor Roth IRA?

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.